At first:
-decide who from the family should be covered by the insurance
-check whether you're eligible for group life insurance coverage at work
-Remember that you mght not need life insurance if you have no dependents

(If there aren`t any individuals who depend on you for financial support, or if you work at home providing your family with such services as child care, cooking, and cleaning, you don`t need life insurance)

There are following types of insurances:

-Term insurance- form of life insurance for people under age 50

-Declining Balance Term insurance- often used as mortgage insurance since it can be written to match the amortization of your mortgage principal.

-Whole Life –supplies permanent protection with a savings component.

Universal Life has a lot of in common with whole life with the added benefit of potentially higher earnings on the savings component.

Variable Life offers premiums and control over your policy's cash value.
Universal Variable Life –here you control your investment in mutual funds. However, there are no guarantees on universal variable policies beyond the original face value death benefit.

As mentioned above , Life insurance is an important part of financial plan. When you decide on what you want, there are many s insurance companies to choose from